About Foodics
Proudly “voted the best place to work” in 2021-2022, Foodics, one of the most promising SaaS companies in MENA, was founded in 2014 in KSA with headquarters in Riyadh and offices in the United Arab Emirates Jordan, Kuwait, Egypt, and the Netherlands.
FOODICS is the leading Restaurant-Tech company in MENA and a pioneer in the regional F&B industry. Foodics is currently undergoing rapid expansion across MENA, Africa, and Asia, servicing over 20,000 brands, and has achieved three rounds of funding, with the latest raising $170 million in the largest SaaS funding round in MENA, boosting its innovation capabilities to better serve business owners.
We provide a cloud-based point-of-sale SaaS ecosystem with tools that help F&B, and retail businesses start, track and grow. Our customers use Foodics to accept payments, track inventory, monitor sales, process orders, digitize menus, manage employees, create analytics and smart reports, provide secure cloud storage, and enable the integration of third-party apps.
We pride ourselves on recognizing and retaining talent while promoting creativity and efficiency. We are constantly looking for people to help shape and be a part of our bright future!
Our Purpose: To create a growth-accelerating platform that enables the restaurant ecosystem to achieve the most remarkable performance
Our Vision: To be the most trusted one-stop-shop software & financial platform for restaurants
Our Mission: To design the future of restaurant management
About The Role
The Financial Crime Officer will be part of the Financial Crime function in charge of overseeing financial crime in the company covering Anti-Money Laundering (AML), Combating Terrorism Financing (CTF), Anti-Fraud (AF) and Anti-Bribery and Corruption (ABC). This role should adhere and implement all SAMA regulations in these aspects and ensure the development and implementation of related policies, procedures, roles, monitoring, systems/tools and reporting.
If this opportunity excites you, hop on and apply now!
Key Responsibilities:
- Contribute to preparation of AF and ABC policy in line with SAMA regulations and established rules or principles.
- Contribute into documenting AML/CTF policy/manual for the company in accordance with SAMA and the AML/CTF Law.
- Participation in documenting detailed procedure manuals covering all processes and reporting requirements covering AML/CTF/ABC and Anti-fraud.
- Execute all required processes that are primarily designed to manage financial crime risk or comply with regulations, policies and procedures including conducting the required investigations.
- Communicate to related functions/staff the new procedures and regulations and ensure continuous follow up for implementation including system requirements.
- Participate in preparation of responses to all SAMA circulars and requests relating to clients’ accounts/relations and preparation of the required information in the proper form and timeframe.
- Maintain logs/ records of communications, circulars and correspondence (receive, circulate and follow up on action taken, send and follow up on replies).
- Performing the Know Your Customer requirements and the validation reviews in onboarding and revalidation of clients’ acceptance. • Contribute in the implementation of tools/systems for monitoring clients and transactions against lists of sanctioned persons, entities or countries issued by the government/ competent authorities and pre-defined scenarios.
- Participate in the implementation of Anti-fraud detection system and setting up predefined scenarios.
- Contribute in updating the financial crime related monitoring scenarios.
- Performing the oversight of Operational execution of financial crime activity and ensure effective controls testing are in place. • Regularly assess the efficiency and effectiveness of control systems and recommend needed improvements.
- Conducting in coordination with the financial Crime Manger the financial crime related risk assessments for entities/processes, new products, services and initiatives.
- Performing the required on going monitoring and conducting investigation for suspected or identified financial crimes within the defined scope.
- Participate in reviewing and evaluating company’s policies and procedures to identify risks or issues within the scope of financial crime function.
- Preparing the periodic and ad hoc reporting for the regulators, board of directors, committees and senior management.
- Ensure all financial crime related issues / aspects are reported timely.
- Contribution in the preparation of the annual AML/CTF/AF/ABC report for the Board of Directors or relegated entity.
- Participate in establishing AML/CTF and Anti-fraud training material in coordination with Training function in People and Culture function.
- Follow up and obtain required statistics to ensure periodic awareness are performed and mandatory trainings for AML and Anti-fraud are performed by all staff.
- Performing ad hoc assignments or tasks by direct manager, senior management or related committees.
Requirements
- 3-5 years relevant experience in a similar role in banking sector, Fintech companies.
- Bachelor’s degree in in Finance, Business, Economics, Law or any relevant degree
- Strong Knowledge of KSA regulatory compliance in financial and payment services
- Previous and strong experience in the area of payments AML/CTF, Anti-Fraud, Anti-Bribery and Corruption within financial services industries.
- Knowledge in SAMA regulatory framework.
- Willingness to expand technical knowledge in a broad range of projects.
- Capability to analyze and assess programs, policies and operational needs.
- Fluency in Arabic and English (verbal and written)
- Strong MS Office (Word, Excel and PowerPoint)
Important Hashtags: #UseofComputer #LongScreenTime
Only shortlisted candidates will be contacted by Foodics Talent Acquisition team, personal data collected will be used for recruitment purposes only.
Benefits
We believe you will love working at foodics!
- We offer a people-focused culture that fosters inclusion, diversity, innovation, and a flexible work setup: remote, in-office, and hybrid models.
- We are a performance-based company that offers 30 calendar days of vacation, 30 days of work from anywhere, career advancement opportunities, and lucrative compensation, including bonuses and shares potential.
- We value learning and will help you with personal development, from constant exposure to new challenges and an annual learning stipend to regular internal and external training. You will enjoy numerous learning and career development opportunities in a hyper-growth environment.
- This is an excellent opportunity to grow and work with some of the most talented people in the industry, a team of more than 30 different nationalities, and hired in more than 14 countries and locations globally!
- And you will be part of an environment that offers challenging goals, autonomy, and mentoring and creates incredible opportunities for you and the company.
Disclaimer: here at Foodics, we don’t just accept differences - we celebrate them, we support them, and we thrive on them for the benefit of our colleagues, our products, and our community. All employment is decided based on qualifications, merit, and business need. Foodics is proud to be an equal opportunity workplace and affirmative action employer.
